Economy

Oil marketers cheat Nigerians by N198,500 on every truck of product sold — Official

Written by Maritime First

…As EU plans to launch €30m sustainable energy investment fund in Nigeria***

The Director, Weights and Measures Department, Federal Ministry of Industry, Trade and Investment, Mr Mohammed Sidi has raised the alarmv that oil dealers have  been cheating Nigerians of N198,500 on each truck tbey sold.

Sidi indicated this in Abuja on Wednesday during a surveillance activity of the department to some fuel stations.

He said that the action was to ensure that all commercial transactions involving the use of weights and measures were accurate, fair and legal.

“Every weighing equipment in all sectors of the economy, whether oil and gas or non- oil and gas must be up to the required standard, ” Sidi said.

At Forte Oil Station, Maitama, opposite Transcorp Hilton, Abuja, the team found that customers lost 0.5 litres of fuel in every 20 litres they bought.

The team sealed three of the dispensing pumps and collected their certificate of clarification.

“This is because the officials of Weights and Measures discovered that for every 20 litres of fuel dispensed to customers of the filling station, not less than 0.5 litres was found to be a shortage to customers.

“We have 33 litres in a truck and when for every 20 litres, it is short with 0.5  litres which means that in a truck they will be making a profit of N198,500 per truck,” Sidi said.

The team also visited Forte Oil station at Ibrahim Babangida Boulevard, opposite National Universities Commission and found that customers were cheated by the same quantity of fuel.

The team sealed three dispensing pumps for oil and one for diesel.

At Dan Oil on Airport Road, the team found that customers lost 0.6 litres for every 20 litres bought and sealed three petrol  pumps and one diesel pump.

At the filling station, the attendants quickly adjusted  some pumps immediately they sighted the officials.

The managers at all the stations refused to comment.

The team also visited Mabushi District cement depot and certified bags of cement found in the place as having the right quantity.

The bags of cement checked were Bua, Dangote and Sokoto cement products.

The Chairman of the depot Mr Maxwell Nnamani said that the depot always maintained standards and urged other dealers to do same.

Nnamani said that although the issue of re-bagging had been a problem in the industry, it was being addressed.

The team also visited the 7UP Company at Idu Industrial Area to measure different products.

At ShopRite mall at the Jabi Lake, the team expressed satisfaction after measuring different products.

“We are happy because there is a lot of improvement from the non-oil sectors compared to what we witnessed before,’ Sidi said.

He appealed to members of the public report any suspected discrepancies by products’ dealers to the department to enable it to do its job better. 

In the meantime, the European Union (EU) says it will launch a 30 million Euro sustainable energy investment fund in Nigeria.

Mr Adekunle Makinde, a former National Chairman, Nigerian Institute of Electrical and Electronics Engineers (NIEEE) and co-Chairman of the forum, made this known on Thursday in Lagos.

Malinda said in a statement that the launch was part of the activities to mark the upcoming Nigeria Energy Forum (NEF) 2019.

He said that Ms Carla Montesi, Director of West and Central Africa, European Commission Department for International Cooperation and Development would launch the EU-funded Electrification Financing Initiative’s (ElectriFI) Nigeria Funding Window.

Makinde also said that Montesi was expected to make a keynote presentation at the conference.

“The forum will provide up to 30 Million Euro investment for off-grid and captive power projects in Nigeria.

“NEF 2019 will also focus on achieving the Sustainable Development Goal 7 and how to facilitate investments in sustainable electrification, grid modernization and digital energy technologies.

“The Forum, which will hold from April 9 to April 10 at the Admiralty Centre, Naval Dockyards, Victoria Island, Lagos, will have as keynote speakers, Prof. James Momoh, Chairman, Nigerian Electricity Regulatory Commission (NERC).

“Others are Dr Weibe Boer, Chief Executive Officer (CEO) All On; and Engr. John Funso-Adebayo, NIEEE National Chairman,” he said.

The forum  Chairman, Dr Oluwole Adeuyi, said that NEF 2019 would address key themes pertinent to mobilising local and foreign investments for sustainable energy development in Nigeria.
According to Adeuyi, the forum will feature over 3 top-class hands-on capacity building workshops on Making Bankable Energy Projects, by the Sterling Bank.
“Others are Electrification Finance Initiative (ElectriFI) Nigeria Window Launch, an EU-funded project; and Ghana-Nigeria Climate Innovation Exchange, by GhCIC, Ghana.

“Over 250 participants are expected to attend seven different technical, investment and training sessions, acquiring new skills through practical exposure to modern energy technologies, engage with expert speakers, exhibitors and training providers,” he said.

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Maritime First